First of all I am not disagreeing with you. Simply expanding on some of your comments. I don't know.
When the Li deal came we all knew some kind of new financing deal had to bring a lifeline. Some were speaking of bankruptcy. I thought that was a silly notion. The story because of the partners involved was still too strong. I wrongly "expected" another toxic financing deal to come into play. And I considered that it would probably kill the share price. Didn't happen. This is a beautiful deal.
Li. This guy rolled the dice on some serious risk of this unproven(except maybe in concept, not actual real world commercialization on a grand scale) with some real dollars. I think he is excited about its prospects. Like we've all been at some point.
Visser who I highly respect and admire was wrong timing. This guy is retired and just wants to enjoy the fruits of his accomplishments. I mean to start a furniture and mattress empire off the back of Poofy pillows. Dang! lol. That must have been a serious uphill climb. Bad timing.
But Li is involved in the BMG field. Obviously materials and manufacturing are his signature. It's obvious this was a sweet deal for both parties. I mean. This is like a a Christmas story. LQMT got a premium on those new shares. Li gets the reigns.
Steipp gone. lol. I imagine Obama is tired too and ready for a break from the action. Too.
Anyway. Valuation is still impossible until the tech is proven. And the tech want be completely proven without machines running 24/7 as they evolve the new concept and work out the kinks. Ramp up for real world efficiency. In the tech world this might take a minute. Just like everything else in life. Flat screen tvs, computers etc. things get cheaper as you dial in efficiency and pay off the R&D investment and equipment.
At the end of the day. I agree with the gist of your posts. Some should curb their expectations back down in reality.
Finally. Li's shares aren't in the float. With the right news that could catch the attention of a broader range of investors, not just penny players. This thing could still have legs to pop large with the right demand.
At some point I may have to raise my own limits in the .29 range. Next up. The plan going forward. I actually have good feels about Li's intentions. I mean who would put so much resources and backing into the "Turing Phone". That's a risk taker that is confident in his pursuits. Oh and two much smaller Chinese phone makers have overtaken Apple and Samsung in that market. Plus the previous premier phone maker in china. lol it up and correct me if I'm ever wrong.
Just my opinion. Best of luck.
Let's keep it civil and understand that this is a forum of mostly amateur opinions. I am not here to give advice or argue. The best way to get rid of trolls is by using the ignore feature. And if you don't like what I say feel free to ignore me. Thanx.
AI
